Asset Management One Co. Ltd. Lowers Holdings in AutoZone, Inc. (NYSE:AZO)

Asset Management One Co. Ltd. lowered its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,491 shares of the company's stock after selling 322 shares during the quarter. Asset Management One Co. Ltd.'s holdings in AutoZone were worth $21,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of AutoZone by 4.0% during the 3rd quarter. Creative Planning now owns 2,519 shares of the company's stock valued at $7,933,000 after buying an additional 97 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of AutoZone by 5.3% during the third quarter. Bleakley Financial Group LLC now owns 475 shares of the company's stock worth $1,496,000 after acquiring an additional 24 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of AutoZone by 3.5% in the third quarter. Trust Co. of Vermont now owns 497 shares of the company's stock worth $1,566,000 after acquiring an additional 17 shares during the period. Ellsworth Advisors LLC purchased a new position in shares of AutoZone in the third quarter valued at $246,000. Finally, Aaron Wealth Advisors LLC raised its stake in shares of AutoZone by 34.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 122 shares of the company's stock valued at $384,000 after purchasing an additional 31 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Performance

Shares of AutoZone stock traded up $13.73 during midday trading on Wednesday, reaching $3,398.16. 61,712 shares of the company's stock traded hands, compared to its average volume of 102,732. The stock has a 50 day moving average of $3,319.35 and a 200-day moving average of $3,201.75. AutoZone, Inc. has a 12 month low of $2,680.96 and a 12 month high of $3,484.42. The company has a market cap of $57.02 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $32.55 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the subject of a number of recent analyst reports. Guggenheim lifted their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Evercore ISI raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Citigroup upped their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. TD Cowen increased their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Truist Financial upped their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Moderate Buy" and an average target price of $3,429.84.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.